1515 N Dresser St - Apartments FOR SALE


Santa Ana, CA 92701- French Court
$4,400,000 USD
949-720-8300
1515 N Dresser St, Santa Ana, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/19
null | 6.21% Cap Rate

1515 N Dresser St
Santa Ana, CA 92701
French Court


HIGHLIGHTS

  • Prime location in the heart of Downtown Santa Ana’s French Court neighborhood
  • Gated subterranean garage

OVERVIEW

Prime multifamily investment opportunity in the heart of Downtown Santa Ana’s French Court neighborhood. A well-maintained 19-unit property consisting of a mix of one- and two-bedroom residences. Each unit offers private outdoor space, gated tandem parking, and access to onsite laundry. Select units have been updated with modern finishes, offering immediate appeal to renters and potential for increased income. Located in a highly walkable area, the property is within close proximity to local schools, shopping, dining, and entertainment. Easy access to the 5, 55, and 22 freeways connects residents to all of Orange County. With current rents below market, there is long-term upside for the next owner through strategic management and continued unit upgrades. This is a rare opportunity to acquire a stabilized asset in one of Orange County’s most dynamic rental markets.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

19

PRICE/UNIT

$231,579

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

YS Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

20

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,987 SF

ZONING

-

APN/PARCEL ID

398-142-18

ASK ABOUT THIS PROPERTY

Lisa Doan-MinhSurterre Properties Inc.More Info
949-720-8300

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Lisa Doan-MinhSurterre Properties Inc.More Info
949-720-8300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.